An investor has purchased property in Sharpsville and could create more than 75 jobs. The Tipton County Economic Development Organization and Tipton County Economic Development Foundation have announced a more than $130,000 deal for land off of U.S. 31. An employer intends to pump $250,000 into developing the property, which was previously owned by the state during construction of the Kokomo bypass project. Economic development officials have not disclosed the identity of the investor.

June 3, 2014

News Release

TIPTON, Ind. (June 2, 2014) – The Tipton County Economic Development Organization (TCEDO) and Tipton County Economic Development Foundation (TCEDF) are pleased to announce the acquisition of three parcels adjacent to US 31 between County Road 550 North and County Road 600 North for economic development. The acquisition was accomplished in partnership with the Tipton County Commissioners. The parcels were acquired from the State of Indiana for the appraised value of $130,423.75. The parcels had been purchased by the Indiana Department of Transportation (INDOT) as part of the US 31 Kokomo bypass project and were disbursed as the project is complete.

“We expect to be able to use these parcels to create jobs and to bring private investment to the County. We also expect to announce the project in the near future.” Jeff Sheridan, Executive Director of the TCEDO.

Source: Tipton County Economic Development Organization

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